Turkish Monetary Unit May 2026

Due to high inflation, Turkey dropped six zeros from its currency. For a period, it was called the Yeni Türk Lirası (New Turkish Lira).

The currency has undergone significant changes to address economic shifts:

The E9 Emission Group, featuring portraits of Mustafa Kemal Atatürk on the obverse. Banknote Denominations: 5, 10, 20, 50, 100, and 200 Lira. Coin Denominations: 1, 5, 10, 25, 50 kuruş, and 1 Lira. Historical Evolution

₺ (The double cross-bar represents the bridge between Europe and Asia). Subunit: 1 kuruş (100 kuruş = 1 Lira).

The Lira is the official currency of both Turkey and the Turkish Republic of Northern Cyprus. It is issued by the Central Bank of the Republic of Turkey . Key Features